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Simon Kuznets’ views about the inverted-U relationship between inequality and development and the process of structural transformation have long been under the lens of researchers. Over the last 20 years, immense potential for growth in Asia has been facilitated by structural transformation. However, it remains undecided whether the contribution of structural transformation will stay as a crucial factor in determining potential productivity growth and income distribution. This book brings together novel conceptual frameworks and empirical evidence from country case studies on topics related to structural transformation, globalization, and income inequality.
Simon Kuznets' views about the inverted-U relationship between inequality and development and the process of structural transformation have long been under the lens of researchers. Over the last 20 years, immense potential for growth in Asia has been facilitated by structural transformation. However, it remains undecided whether the contribution of structural transformation will stay as a crucial factor in determining potential productivity growth and income distribution. This book brings together novel conceptual frameworks and empirical evidence from country case studies on topics related to structural transformation, globalization, and income inequality.
Reimagining our global economy so it becomes more sustainable and prosperous for all Our global economic system is broken. But we can replace the current picture of global upheaval, unsustainability, and uncertainty with one of an economy that works for all people, and the planet. First, we must eliminate rising income inequality within societies where productivity and wage growth has slowed. Second, we must reduce the dampening effect of monopoly market power wielded by large corporations on innovation and productivity gains. And finally, the short-sighted exploitation of natural resources that is corroding the environment and affecting the lives of many for the worse must end. The debate over the causes of the broken economy—laissez-faire government, poorly managed globalization, the rise of technology in favor of the few, or yet another reason—is wide open. Stakeholder Capitalism: A Global Economy that Works for Progress, People and Planet argues convincingly that if we don't start with recognizing the true shape of our problems, our current system will continue to fail us. To help us see our challenges more clearly, Schwab—the Founder and Executive Chairman of the World Economic Forum—looks for the real causes of our system's shortcomings, and for solutions in best practices from around the world in places as diverse as China, Denmark, Ethiopia, Germany, Indonesia, New Zealand, and Singapore. And in doing so, Schwab finds emerging examples of new ways of doing things that provide grounds for hope, including: Individual agency: how countries and policies can make a difference against large external forces A clearly defined social contract: agreement on shared values and goals allows government, business, and individuals to produce the most optimal outcomes Planning for future generations: short-sighted presentism harms our shared future, and that of those yet to be born Better measures of economic success: move beyond a myopic focus on GDP to more complete, human-scaled measures of societal flourishing By accurately describing our real situation, Stakeholder Capitalism is able to pinpoint achievable ways to deal with our problems. Chapter by chapter, Professor Schwab shows us that there are ways for everyone at all levels of society to reshape the broken pieces of the global economy and—country by country, company by company, and citizen by citizen—glue them back together in a way that benefits us all.
Nobel Laureate Simon Kuznets, famous as the founder of modern empirical economics, pioneered the quantitative study of the economic history of the Jews. Yet, until now, his most important work on the subject was unpublished. This second collection of previously unavailable material issued by Transaction brings to the public, for the first time, the most important economic work written on Jewish migration since that of Werner Sombart a century ago. This volume of Kuznets’ work includes three main essays. The first, titled “Immigration and the Foreign Born,” was Kuznets’ first work on immigration and discusses the impact of the general foreign born on the U.S. Kuznets and his co-author, Ernest Rubin, offer the essay as a quantitative antidote to the misinformation that led many Jews to support the restrictions ending Jewish migration in the 1920s. The second, “Israel’s Economic Development,” discusses the impact of mass immigration and other factors on Israeli productivity, providing in English for the first time one of the first detailed studies of the economic development of the state of Israel. The final essay, on “Immigration of Russian Jews to the United States,” is the most famous of Kuznets’ writings and provides a clear view, backed by a seminal paper that launched the contemporary social scientific study of Jewry. It discusses the details of the labor force, skills, and general structure of Eastern European Jewish immigrants to the U.S.
Robert William Fogel,Enid M. Fogel,Mark Guglielmo,Nathaniel Grotte
Author : Robert William Fogel,Enid M. Fogel,Mark Guglielmo,Nathaniel Grotte Publisher : University of Chicago Press Page : 163 pages File Size : 48,6 Mb Release : 2013-04-15 Category : Business & Economics ISBN : 9780226256610
Political Arithmetic by Robert William Fogel,Enid M. Fogel,Mark Guglielmo,Nathaniel Grotte Pdf
We take for granted today that the assessments, measurements, and forecasts of economists are crucial to the decision-making of governments and businesses alike. But less than a century ago that wasn’t the case—economists simply didn’t have the necessary information or statistical tools to understand the ever more complicated modern economy. With Political Arithmetic, Nobel Prize–winning economist Robert Fogel and his collaborators tell the story of economist Simon Kuznets, the founding of the National Bureau of Economic Research, and the creation of the concept of GNP, which for the first time enabled us to measure the performance of entire economies. The book weaves together the many strands of political and economic thought and historical pressures that together created the demand for more detailed economic thinking—Progressive-era hopes for activist government, the production demands of World War I, Herbert Hoover’s interest in business cycles as President Harding’s commerce secretary, and the catastrophic economic failures of the Great Depression—and shows how, through trial and error, measurement and analysis, economists such as Kuznets rose to the occasion and in the process built a discipline whose knowledge could be put to practical use in everyday decision-making. The product of a lifetime of studying the workings of economies and skillfully employing the tools of economics, Political Arithmetic is simultaneously a history of a key period of economic thought and a testament to the power of applied ideas.
First published in 1937. An update of ‘The National Income’ 1924-1931. This volume collates four years of continuous work on the question of amount of expenditure on certain commodities, including new data on income from since 1932, including the Occupation and Industry volumes of the 1931 Census.
Distribution and Development by Gary S. Fields Pdf
Most of the world's people live in "developing" economies, as do most of the world's poor. The predominant means of economic development is economic growth. In this book Gary Fields asks to what extent and in what circumstances economic growth improves the material standard of living of a country's people. Most development economists agree that economic growth raises the incomes of people in all parts of the income distribution and lowers the poverty rate. At the same time, some groups lose out because of changes accompanying economic growth. Fields examines these beliefs, asking what variables should be measured to determine whether progress is being made and what policies and circumstances cause some countries to do better than others. He also shows how the same data can be interpreted to reach different, even conflicting, conclusions. Using both theoretical and empirical approaches, Fields defines and examines inequality, poverty, income mobility, and economic well-being. Finally, he considers various policies for broad-based growth. Copublished with the Russell Sage Foundation.
Environmental Kuznets Curve (EKC) by Burcu Özcan,Ilhan Öztürk Pdf
Environmental Kuznets Curve (EKC): A Manual provides a comprehensive summary of the EKC, summarizing work on this economic tool that can analyze environmental pollution problems. By enabling users to reconcile environmental and economic development policies, Environmental Kuznets Curve studies lend themselves to the investigation of the energy-growth and finance-energy nexus. The book obviates a dependence on outmoded tools, such as carrying capacity, externalities, ecosystem valuation and cost benefit analysis, while also encouraging flexible approaches to a variety of challenges. Provides a comprehensive summary of EKC studies, including advances in econometrics, literature reviews and historical perspectives Outlines solutions to common problems in applying EKC techniques by reviewing major case studies Explores frequently-utilized proxies for environmental quality
Sustainable Resource Use and Economic Dynamics by Lucas Bretschger,Sjak Smulders Pdf
The chapters in the book cover a broad range of aspects regarding the relationship between natural resource use and long-term economic development. The book surveys existing literature as well as adds to frontier research. In particular, the following topics are studied: incentives for adoption and diffusion of clean technology, resource scarcity and limits to growth, international convergence of energy intensity, and the social norms shaping resource depletion.
SHORTLISTED FOR THE ORWELL PRIZE FOR POLITICAL WRITING 2019 'A near miracle' Ha-Joon Chang, author of 23 Things They Don't Tell You About Capitalism According to the economy, we have never been wealthier or happier. So why doesn't it feel that way? The Growth Delusion explores how we prioritise growth maximisation without stopping to think about the costs. So much of what is important to our well-being, from safe streets to sound minds, lies outside the purview of statistics. In a book that is both thought-provoking and entertaining, David Pilling argues that our steadfast loyalty to growth is informing misguided policies, and proposes different criteria for measuring our success.
Theory and Implementation of Economic Models for Sustainable Development by J.C. van den Bergh,M.W. Hofkes Pdf
There is widespread concern for long-term environmental issues in relation to economic processes and developments. Among the concerned scientists are economists, who have taken up the challenge to apply economic insights and tools for the study of long-term environment-economy interactions, and to give the concept of sustainable development 'economic hands and feet'. This book presents a pluralistic perspective on efforts, problems and successes in this area. This collection of papers was originally prepared for an international symposium titled Economic Modelling of Sustainable Development: Between Theory and Practice, which was hosted by the Vrije Universiteit in Amsterdam, on December 20th 1996. The main motivation for this symposium was that the usefulness of the concept of sustainable development for theoretical and applied modelling is still being debated; growth theorists, resource economists, ecological economists, policy makers and many others are trying to deal with the concept in various, and sometimes conflicting, ways. The aim of the symposium was to bring together different theoretical and implementational perspectives on modelling for sustainable development. We hope that this volume will inform a wide audience about the perspectives and progress in this important area of research, as well as stimulate further research, notably on applied modelling and practical methods for the analysis of sustainable development at various (spatial) scales. The papers have, in due course, been revised several times based on comments made by discus sants, referees and the editors.
The Quality of Growth in Africa by Akbar Noman,Joseph E. Stiglitz,Ravi Kanbur Pdf
In recent years, concerns about the outcomes and nature of economic growth have given way to a new emphasis on its quality. This volume brings together prominent international contributors to consider a range of interrelated questions concerning the quality of growth in Africa, with a primary focus on sub-Saharan countries. Contributors discuss the measurement of growth, the transformations necessary to sustain it, and issues around equity and well-being. They consider topics such as the distribution of income gains from growth; the extent to which economic growth has resulted in improvements in employment, poverty, and security; structural transformations of the economy and diversification of the sources of growth; environmental sustainability; and management of urbanization. Offering both diagnoses and prescriptions, The Quality of Growth in Africa helps envision a future that goes beyond increasing GDP to ensuring that growth translates into advancements in well-being. Although the book focuses on sub-Saharan Africa, much of the contributors’ incisive analysis has implications for countries outside the region.
Industrial Policy and Sustainable Growth by Murat A. Yülek Pdf
This volume looks at the critical issues of industrial policy and sustainability. It assesses the gap between how developed and developing countries have integrated sustainability issues in their industrial policies, and how they should have ideally done so. The book looks at the specific issues of middle income trap, levels of industrialization and the distribution of manufacturing activities among nations, and presents analysis of sector and country specific policy case studies in areas such as health, energy, medical devices, aviation, automobile manufacturing. The volume also examines trade policies and their impact on industry and environment, and elaborate on how industrial policies involve selective direct and indirect sectoral policies which play a role in assisting policy makers manage objectives of catch up and sustainability.
